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Forex Trend Analysis Report

Prepared for you on Sunday, July 21, 2024.

Swedish Krona/Swiss Franc (FOREX:SEKCHF)

Crossroads (-60) - SEKCHF is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.

Is it time to buy, sell, or avoid SEKCHF?

MarketClub looks at technical strength and momentum to determine if the timing is right for SEKCHF.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_SEKCHF
Open High Low SEKCHF Price Change
8.37200 8.37410 8.30950 8.32585 -0.04615
Entry Signal

MarketClub’s Trade Triangles for SEKCHF

long term up The long-term trend has been UP since May 28th, 2024 at 8.63000

intermediate term down The intermediate-term trend has been DOWN since Jun 9th, 2024 at 8.47525

short term down The short-term trend has been DOWN since Jul 12th, 2024 at 8.48480

Smart Scan Analysis for SEKCHF

Based on our trend formula, SEKCHF is rated as a -60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-60
Smart Scan Analysis for SEKCHF
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
8.37200 8.37410 8.30950 8.32585 -0.04615
Prev. Close Volume Bid Ask Time
8.37200 2024-07-19 16:59:35
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